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  • 10-01-2024
  • Business
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What is the present value of a security that will pay $41,000 in 20 years if securities of equal risk pay 12% annually? Do not round intermediate calculations. Round your answer to the nearest cent.
a) $4,869.57
b) $6,237.83
c) $8,715.62
d) $10,164.64

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